187
187
Dec 21, 2012
12/12
by
CNBC
tv
eye 187
favorite 0
quote 0
what does greece have? they have a lot longer fuse than a time bomb. >> still a telling comparison quarterback nevertheless. coming up on "worldwide exchange," don't go anywhere. in an exclusive interview, jean-claude trichet tells stephane pedrazzi why markets need to be more upbeat. >>> take a look at samsung shares. they are down. sherry, what's going on? >> hi, kelly. investors were worried about news that eu regulators are getting ready to accuse samsung electronics of breaking competition rules when it filed its patent lawsuits against rival apple. now, the commission is saying samsung should have tried to license its patents on fair, reasonable and nondiscriminatory terms before launching any sales claims against apple and this may explain why apple dropped those claims earlier this week. now, the eu's probe has been underweight since january. many analysts say the eu's move had been spented. samsung's withdraw came on the heels of a california judge's refusal to block sales of dozens of samsung's mo
what does greece have? they have a lot longer fuse than a time bomb. >> still a telling comparison quarterback nevertheless. coming up on "worldwide exchange," don't go anywhere. in an exclusive interview, jean-claude trichet tells stephane pedrazzi why markets need to be more upbeat. >>> take a look at samsung shares. they are down. sherry, what's going on? >> hi, kelly. investors were worried about news that eu regulators are getting ready to accuse samsung...
118
118
Dec 23, 2012
12/12
by
CSPAN2
tv
eye 118
favorite 0
quote 0
will eventually end up like greece? >> well, look, if i could just answer that, i'm an optimist on america. i believe in america. i'd buy it, you know, if america was a publicly-traded company, i'd buy the stock every day. this country and this economy is tremendously resilient. and one of the great things, i think, about our book is it's got ideas that require action in washington, it's also at state level, individual level and there's some business and corporate level. so, you know, what are the odds? i would, you know, i'm an on the optimist. i would say we will get back to growth. >> kevin? >> the oecd, which is an organization that studies large, developed nations just did a big study to try to identify how big the policy challenges facing the nations around the world are. and they estimated something called the fiscal adjustment, and the fiscal adjustment for greece that they need -- which is either the immediate tax increase or the immediate reduction in spending necessary to make it so that their economy doesn't
will eventually end up like greece? >> well, look, if i could just answer that, i'm an optimist on america. i believe in america. i'd buy it, you know, if america was a publicly-traded company, i'd buy the stock every day. this country and this economy is tremendously resilient. and one of the great things, i think, about our book is it's got ideas that require action in washington, it's also at state level, individual level and there's some business and corporate level. so, you know,...
26
26
tv
eye 26
favorite 0
quote 0
german lawmakers overwhelmingly back giving greece its next pay out in the week vital to keeping the country from sliding into bankruptcy now means than athens can pay wages bills this month he approved package involves among other things slashing interest rates and releasing more cash chancellor angela merkel acknowledged the weariness of germans in further aiding greece but insisted the measures help to bring stability to the euro zone investment advisor patrick says germans are the only ones for the state of the greek government. i think there are a considerable number of people who would like to cut greece loose at this juncture a because it's probably the most unique in thing to do but second of all because ultimately the greek government has simply field to do anything that it has really been supposed to do in terms of privatization and so on and many times it's enacted legislation but feel to follow through the taxation system in greece is broken all of these sorts of horrible things lead us to the fact that greece is governed in a third world fashion at the moment not in a fi
german lawmakers overwhelmingly back giving greece its next pay out in the week vital to keeping the country from sliding into bankruptcy now means than athens can pay wages bills this month he approved package involves among other things slashing interest rates and releasing more cash chancellor angela merkel acknowledged the weariness of germans in further aiding greece but insisted the measures help to bring stability to the euro zone investment advisor patrick says germans are the only ones...
28
28
tv
eye 28
favorite 0
quote 0
reactions i mean we seen the riots in greece and italy and spain and you know the the eurozone that many people have been saying for ages now has just been going down the drain is anyone being held to account yet. the only people paying for this are savers and pension holders who are being forced to get only one percent or less on their savings they're the ones who are subsidizing all these bailouts they're the ones who are paying for all these bailouts and those people are getting angrier by the day as we see more quantitative easing and more bailouts are forcing money from savers of hardworking savers into the pockets of the speculator and the banks that are that's the that's where we're seeing this money and those people are getting angrier by the day i mean so many people are getting angrier by the day but now in the united states there's almost a moment of desperation a lot of people talking about this so-called a fiscal cliff kevin and i do know that the american president is due to make a statement in the next several hours from now saying that they could be they could be toward s
reactions i mean we seen the riots in greece and italy and spain and you know the the eurozone that many people have been saying for ages now has just been going down the drain is anyone being held to account yet. the only people paying for this are savers and pension holders who are being forced to get only one percent or less on their savings they're the ones who are subsidizing all these bailouts they're the ones who are paying for all these bailouts and those people are getting angrier by...
197
197
Dec 21, 2012
12/12
by
CNBC
tv
eye 197
favorite 0
quote 0
greece does not have an exit. citigroup had a 90% chance earlier this year. the biggest day of this jurn year was june 17th when they elected a moderate who did not try to pull greece out. and germany stepped up and gave them some money and that september the 6th, that was the european central bank. so you had china, maria, the united states and greece. none of them went off the cliff. maria, this is for you. our little christmas present for you, maria. >> thank you. thank you. >> we want to remember, by the way, this is emblem attic of all these nice things you have said this week for the victims of the newtown connecticut tragedy. we love the way you all have been strong in support of them. >> thank you. i very much appreciate that. michael, let me ask you, what do you want to be avoiding in 2013? >> i think you have to look at it from the standpoint of extreme. it's clearly in the bond market. it's clearly in the love for dividends. it's clearly in the love for income versus capital appreciation, versus cycle kral. i call this the rocky balboa stock market
greece does not have an exit. citigroup had a 90% chance earlier this year. the biggest day of this jurn year was june 17th when they elected a moderate who did not try to pull greece out. and germany stepped up and gave them some money and that september the 6th, that was the european central bank. so you had china, maria, the united states and greece. none of them went off the cliff. maria, this is for you. our little christmas present for you, maria. >> thank you. thank you. >>...
110
110
Dec 27, 2012
12/12
by
CSPAN
tv
eye 110
favorite 0
quote 0
becoming like greece? >> no, that is a profoundly -- do you see as becoming like greece? >> that is a profoundly different situation. the congressional budget office says that if we stay on the course we are on, we will have a debt that is 230% of our gross domestic product of the the next 20 years. most experts say once you get a debt of more than 9% of gross domestic product, that inhibit future economic growth in a significant way. this is just about -- not just about numbers on page, it is really about opportunities for people. whether you will be able to send your kid to school, to college, whether it will be able to buy a car, my house, whether we will have economic opportunity for the people of the country. the best academic research that has been done shows that if a country's debt gets too large in relationship to the size of its economy, the economy does not grow as fast. opportunity is lost. jobs are lost. so there is a similarity with what is happening in europe and what could happen here if we don't get our house in order. >> you talked about a single- minded
becoming like greece? >> no, that is a profoundly -- do you see as becoming like greece? >> that is a profoundly different situation. the congressional budget office says that if we stay on the course we are on, we will have a debt that is 230% of our gross domestic product of the the next 20 years. most experts say once you get a debt of more than 9% of gross domestic product, that inhibit future economic growth in a significant way. this is just about -- not just about numbers on...
36
36
tv
eye 36
favorite 0
quote 0
could be about shortly live chat about that coming up also a twenty four hour nationwide strike in greece six people vent their fear a despotic tranche of bailout cash. you can tell an ordinary russian siberia in the blink of an. anthropologist in those days siberians were different clothes eight different food . different animals. but what about. my journey began in two men but the big city was all shiny oil funded school scrapers and shopping malls much like any other prosperous russian post. so i decided to. a small town just outside. dumplings came from here to dominate the russian cuisine but only in siberia. with cabbage and jam making sure you can have as a starter main dish. was although it may draw. most people in siberia see nothing wrong with hunting only if you decide to participate. in pine martin. as in the middle of a swamp only accessible by. a. it's inhabited by siberian a large muslim minority that migrated before the russians. this. is real siberia maybe not the stuff of tourist brochures but distinctive enough to show that through all these yeahs siberia still not quit
could be about shortly live chat about that coming up also a twenty four hour nationwide strike in greece six people vent their fear a despotic tranche of bailout cash. you can tell an ordinary russian siberia in the blink of an. anthropologist in those days siberians were different clothes eight different food . different animals. but what about. my journey began in two men but the big city was all shiny oil funded school scrapers and shopping malls much like any other prosperous russian post....
18
18
tv
eye 18
favorite 0
quote 0
all for greece's largest banks are queuing up for a bailout boost after reporting huge losses this year together they'll need in fact around twenty seven billion euros worth of loans to stay afloat who has been relying on international bailout funds since twenty ten and as economies dimitrius you know police says it's all very groups who are bearing the brunt of the bank's losses the loans on which. this recapitalization of the bank sector is going to decrease are coming from the troika the e.u. the i.m.f. and the e.c.b. and they are going to be aid they are going to art of the greek debt which is going to be paid by the taxpayer and we had forty thousand small businesses closing this year alone three hundred additional thousand of job losses as a total unemployment rate of twenty six percent so we have really. on the one hand austerity on the other hand banks inability to provide liquidity for the markets exactly one twenty moscow time world news a brief no suicide blast of a political rally in northwest pakistan has left nine dead and more than twenty wounded among those killed in the
all for greece's largest banks are queuing up for a bailout boost after reporting huge losses this year together they'll need in fact around twenty seven billion euros worth of loans to stay afloat who has been relying on international bailout funds since twenty ten and as economies dimitrius you know police says it's all very groups who are bearing the brunt of the bank's losses the loans on which. this recapitalization of the bank sector is going to decrease are coming from the troika the...
51
51
Dec 28, 2012
12/12
by
WBAL
tv
eye 51
favorite 0
quote 0
begin to wonder it maybe, just maybe, the worst is finally past, there's some hideous headline out of greece or portugal or spain or italy that the comes back with a vengeance and the s&p gets bashed down by a torrent of selling. that's why it's so important to prepare yourself and your stocks for the next catastrophe around the corner. expected or unexpected, so that you can make money in any market, or at least lose less and not just when things are going smoothly. you have to build this stuff into what i call your world view. you have to assume that somewhere, sometime, something will go wrong. i'm not saying you should be a super skeptic perma-bear, not at all. over the course of my 31-plus years in this business i've seen the averages climb way too way, watched the market make people way too much money to ever be that cynical and close-minded. being negative all the time has not historically been a lucrative strategy, and i don't see any reason why that should change now. there are a handful of incredibly smart, professional short sellers, hats off, able to turn pessimism into profits b
begin to wonder it maybe, just maybe, the worst is finally past, there's some hideous headline out of greece or portugal or spain or italy that the comes back with a vengeance and the s&p gets bashed down by a torrent of selling. that's why it's so important to prepare yourself and your stocks for the next catastrophe around the corner. expected or unexpected, so that you can make money in any market, or at least lose less and not just when things are going smoothly. you have to build this...
95
95
Dec 18, 2012
12/12
by
FOXNEWS
tv
eye 95
favorite 0
quote 0
greece has a debt problem. we have a significant debt problem. martha: indeed. stuart, thank you. >> sure. bill: $16 trillion. now to newtown, connecticut, attempted normalcy and so much heartache. schools in the area opening first time since friday's massacre except of course sandy hook elementary which remains closed indefinitely as police continue their investigation there. there are questions whether it will be ever reopen. volunteers in the neighboring town of monroe, seven miles away, hard at work, getting a former middle school ready for sandy hook students. all of this as the grim task of bearing so many young innocents gets underway. 10:00 in the morning funeral services begin for james mattioli. followed by services for jessica reek coast. -- rekos. a rabbi spoke about that service. >> being celebrated as a pure innocent child by the promise of life ahead of him. who brought joy to his family and to his community and who will be sorely missed. as his older brother said he could have been anything if he had grown up. this is tragedy that we have no answ
greece has a debt problem. we have a significant debt problem. martha: indeed. stuart, thank you. >> sure. bill: $16 trillion. now to newtown, connecticut, attempted normalcy and so much heartache. schools in the area opening first time since friday's massacre except of course sandy hook elementary which remains closed indefinitely as police continue their investigation there. there are questions whether it will be ever reopen. volunteers in the neighboring town of monroe, seven miles...
198
198
Dec 3, 2012
12/12
by
KTVU
tv
eye 198
favorite 0
quote 0
austria's unemployment rate stands at 4.3% while both spain and greece top 25% with youth unemployment in both those countries near 60% news out of the midwest about the economy could bode well for today's national ism number. the chicago mni index---also known as known as pmi---shows a rating of 50.4 for november. a number above 50 indicates economic expansion. joining us now is alyce andres-frantz of chicago mni report. good morning. how are you summing up this latest report? are these numbers good enough? if you look at this report optically it looks very good. you have production up---employment tracking production. you have supplier deliveries lengthening and prices paid up big this month. when you take those four together you think wow this is a really great number but the big key here is new orders down. 5.3 plunging deeper into contraction at 45.3. it's the lowest level since june 2009. this is the biggest weight to this business barometer and this is the thing that held it down this month. you also have a situation this month where we have order backlogs up but still in contra
austria's unemployment rate stands at 4.3% while both spain and greece top 25% with youth unemployment in both those countries near 60% news out of the midwest about the economy could bode well for today's national ism number. the chicago mni index---also known as known as pmi---shows a rating of 50.4 for november. a number above 50 indicates economic expansion. joining us now is alyce andres-frantz of chicago mni report. good morning. how are you summing up this latest report? are these...
70
70
Dec 10, 2012
12/12
by
CNBC
tv
eye 70
favorite 0
quote 0
with the asian family culture is stronger than ours but look at greece, look at italy, southern europe. the united states where families are falling apart. there is day of wreckoning for democracies all over the world. >> how do we fix it? telling grandma no. >> there is no fixing it. there is no fixing it. this is just something we have to watch. trends are unstoppable. their entire cohort of young japanese men called herbivores. these men live on comic books, video games, and masturbation. all you can do is look out for yourself. i don't think there is an answer. >> we need productive babies. who can coach us at our old age. >> herbivores won't help with that. >> one thing about america is we can suck the rest of the world dry if we can continue to attract hardworking people around the country. they will still go over the cliff and we will still be around. >> i will go on other shows, other networks on msnbc, and i think sometimes it is just scary. scary to say the typical median household will extract hundreds of thousands of more in medical care and social security than they ever p
with the asian family culture is stronger than ours but look at greece, look at italy, southern europe. the united states where families are falling apart. there is day of wreckoning for democracies all over the world. >> how do we fix it? telling grandma no. >> there is no fixing it. there is no fixing it. this is just something we have to watch. trends are unstoppable. their entire cohort of young japanese men called herbivores. these men live on comic books, video games, and...
22
22
tv
eye 22
favorite 0
quote 0
conservative region of bavaria we brought that she yesterday and earlier on credit has agreed to prop greece up with another forty four billion euros i suppose the greek attorney george felos see from the real solutions is spite of the i just said a long way off. so most go to me. well. listen you shouldn't do it but then of course includes. no. bute is an easy to. control just that you are going to example even to the. national military fund. but of course it's real easy for you to so such a policy. experience so. the simple you serious as usual more of. a cell phone for people with. such. according bahrain's jailed the daughter of a prominent opposition activist for one month for taking part in a demonstration it's just third conviction the past six months with a further thought other serving life for party against the ruling family the uprising a bahrain has been going on from us two years now all of the opposition of the regime say they are ready for dialogue however as alexia cesky reports their divisions might run too deep for any lasting peace. said dick says his life was shattered hi
conservative region of bavaria we brought that she yesterday and earlier on credit has agreed to prop greece up with another forty four billion euros i suppose the greek attorney george felos see from the real solutions is spite of the i just said a long way off. so most go to me. well. listen you shouldn't do it but then of course includes. no. bute is an easy to. control just that you are going to example even to the. national military fund. but of course it's real easy for you to so such a...
152
152
Dec 3, 2012
12/12
by
CNBC
tv
eye 152
favorite 0
quote 0
but we did move on greece. got a little bit of a boost preopen. and since then, frankly, the ism numbers have just been a real disappointment. and we are moving on that. here's the dow intraday. here's where we got the ism number. and you can see we have been drifting lower ever since then. and this really is a disappointment, this number. this is the first read we get on the overall economy every month here. and let me point out what's been going on here. the sectors have been risk off by enlarge so transports are notably week. materials and industrial. there is your risk off trade here today. i would point out, technology has been an upgrade over at goex and the overall technology sector, tough time in the hardware group doing better today. so there is an outlier in tech. as for the ism, what was going on here, really there was very little good news. take a look. the overall number, the headline number, lowest since july 2009. the employment component in this, lowest since september 2009. that's probably the second-most watched component of that
but we did move on greece. got a little bit of a boost preopen. and since then, frankly, the ism numbers have just been a real disappointment. and we are moving on that. here's the dow intraday. here's where we got the ism number. and you can see we have been drifting lower ever since then. and this really is a disappointment, this number. this is the first read we get on the overall economy every month here. and let me point out what's been going on here. the sectors have been risk off by...
66
66
Dec 25, 2012
12/12
by
CNNW
tv
eye 66
favorite 0
quote 0
. >> greece was the problem child that spent too much, saved nothing and threatened to take down the euro. protests staged by those facing loss of jobs, pay cuts and higher taxes as the government begs for more. >> it lives on but for how long? >>> number two, the deadliest month to date as intensified the use of air fire. >> how much longer could this man hold on to power? he was under ever more intense pressure to step down. but his regime stepped up the fire power against the opposition. civilians caught in the cross fire. more than fortiy thousand people have died so far. >> this is yet another red line. >> the opposition fights on, making more dramatic gains and gaining pledges of additional support from the international community. number one. she fought back from the brink of death after being attacked on a school bus. the taliban shot malala in the head because she was an outspoken advocate of education. but books won over bullets. the fifteen-year-old survived. she immediately asked for her school books. the world was gripped, moved, and inspired by the story of one determin
. >> greece was the problem child that spent too much, saved nothing and threatened to take down the euro. protests staged by those facing loss of jobs, pay cuts and higher taxes as the government begs for more. >> it lives on but for how long? >>> number two, the deadliest month to date as intensified the use of air fire. >> how much longer could this man hold on to power? he was under ever more intense pressure to step down. but his regime stepped up the fire power...
174
174
Dec 19, 2012
12/12
by
CNBC
tv
eye 174
favorite 0
quote 1
the big upgrade on greece. that's kind of strange, right? >> up four or five notches. >> i have to stand up for a second. $8. >> is it finally time? >> i want to click my heels, but these are soft reeboks. you wouldn't hear it. >> are we going to see that, finally, at last? >> the way people were coming on and saying it's going to zero. >> running for the exit. >> when was the euro dissolved and greece kicked out? what was the date? >> it happened just in reverse. >> it was overnight. >> we'll see. i can't believe 2013 will not hold a couple of moments where we go, ah. but it is amazing. nothing we can do. >> we're afraid spain is going to come -- spain was supposed to come to market. italy, oh, my, what happens when italy -- it turns out you had to take it down. i know that john corzine, very controversial figure. that's a code word. but what a trade they almost had. in the news again today. >> almost. >> horseshoes, hand grenades. >> we should point out, gm was certainly not having the easiest of times of it. this morning's stock is up sha
the big upgrade on greece. that's kind of strange, right? >> up four or five notches. >> i have to stand up for a second. $8. >> is it finally time? >> i want to click my heels, but these are soft reeboks. you wouldn't hear it. >> are we going to see that, finally, at last? >> the way people were coming on and saying it's going to zero. >> running for the exit. >> when was the euro dissolved and greece kicked out? what was the date? >> it...
248
248
Dec 4, 2012
12/12
by
CNBC
tv
eye 248
favorite 0
quote 1
we were talking about this yesterday that greece has priced the debt buyback where it has. it will be more generous and next week they're likely to get their money from the rest of the european union. taking some of those concerns back out of the market so, again, today the spanish bond market rallying and, therefore, the yield forming. still above 5% but falling. it's also true of italy. there the yields are down. take a look at where we are on the ten year, 4.4% and those bonds rise in value, you see the italian banks, for example, rising in value. the stock market, it's obvious the value of their assets is gaining ground. other financials around europe, the likes of kbc, bank of ireland, a lot of questions to the degree the irish can get better terms for their bailout or deal as a result of what the greeks have been given. there is -- and carl mentioned this, one area of concern today, and that's the finance minister's meeting where the frie french and the germans seem at odds over how they're going to get banking union, the germans are saying it cannot -- the individual
we were talking about this yesterday that greece has priced the debt buyback where it has. it will be more generous and next week they're likely to get their money from the rest of the european union. taking some of those concerns back out of the market so, again, today the spanish bond market rallying and, therefore, the yield forming. still above 5% but falling. it's also true of italy. there the yields are down. take a look at where we are on the ten year, 4.4% and those bonds rise in value,...
253
253
Dec 13, 2012
12/12
by
CNBC
tv
eye 253
favorite 0
quote 0
sylvia, a torturous route for greece. are they finally going to get this money? if so, what does that change. >> well, it at least gives them a bit of breathing space. it doesn't change anything in terms of the overall dismal situation of the country. there was a letter of the german finance minister yesterday, written so it is by one of the deputies to the german bundes stock where he basically said, we are ready to sign up the next package for greece. this has not been confirmed or denied by the finance ministry, so it seems that that's the determination. it looks like it, anyway. we know that the one linchpin is indeed the set buyback program. it kind of falls short of expectations. but i'm sure they're going to make it enough of a success to sign the check tonight or tomorrow if it's the heads of state doing it. but the expectations that the euro group meeting that is in session right now is the one that will dispense the money or will decide to disexpense the money. never mind who signs on the bottom line and indeed the great delegation goes home at least to
sylvia, a torturous route for greece. are they finally going to get this money? if so, what does that change. >> well, it at least gives them a bit of breathing space. it doesn't change anything in terms of the overall dismal situation of the country. there was a letter of the german finance minister yesterday, written so it is by one of the deputies to the german bundes stock where he basically said, we are ready to sign up the next package for greece. this has not been confirmed or...
20
20
tv
eye 20
favorite 0
quote 0
will go directly from the black sea to bulgaria and on to greece italy and austria the project was dreamed up under the idea the more the merrier in other words the more product lines the more secure the delivery to customers will be now it's a need that arose after transit countries ukraine in particular disrupted deliveries on the number of occasions in the past fifty percent of the pipeline will be owned by russian allergy giant gazprom the rest of it with its leave france and germany however may need a euro question whether this project is if it needed critics say that a whopping twenty billion dollars cost for a pipeline is way too much especially in current times of economic recession but it seems these fears are not enough to stop a project like this was the big question will be hoping beyond the choppy waters the face of our own the very seat they will be going directly under. they just being a battle for resources as well with the two regional powerhouse as china and india meeting at the will feel to feed their growing hunger but as a nation squabble over who gets the biggest slic
will go directly from the black sea to bulgaria and on to greece italy and austria the project was dreamed up under the idea the more the merrier in other words the more product lines the more secure the delivery to customers will be now it's a need that arose after transit countries ukraine in particular disrupted deliveries on the number of occasions in the past fifty percent of the pipeline will be owned by russian allergy giant gazprom the rest of it with its leave france and germany...
29
29
tv
eye 29
favorite 0
quote 0
meeting but what it tells me for spain is that they join the likes of portugal and italy along with greece as countries who are entering this festive period hardly full of the joys of christmas regarding their finances the spanish people as showed in the recent past that they are very much upset with the current situation in their country and the fact that the government's asking for money in order to bail out the banks well that's hardly going to put them in good stead with the spanish people who are already. here really against the way that the government is handling the situation. over there let's discuss this now with chairman of the libertarian party in the netherlands germany on the line to you well thirty seven point five billion that's a lot of money is it enough is the question. it probably is not enough because there is a fundamental flaw within the banking system which is that. the government has basically taken over the banks they created the banking cartel they created the central bank they allow banks to print money that is not covered by anything printing money out of thin a
meeting but what it tells me for spain is that they join the likes of portugal and italy along with greece as countries who are entering this festive period hardly full of the joys of christmas regarding their finances the spanish people as showed in the recent past that they are very much upset with the current situation in their country and the fact that the government's asking for money in order to bail out the banks well that's hardly going to put them in good stead with the spanish people...
41
41
tv
eye 41
favorite 0
quote 1
this pipeline will transit the russian natural gas through the black the sea up to bulgaria and on to greece is the end austria delivering gas directly to the european markets so stream is it better to be in a group project that's the use of time to reduce its all of the russian gas however the fate of that project is currently on certain due to falling demand for natural gas and europe and the high cost of construction gas from owns a fifty percent of the line the rest is split between france and germany and yet many in the view of question whether it's even needed it's the overall cost of more than twenty billion dollars makes it one of the most expensive allergy supply systems on earth and critics say that's too much especially in times of the global economic recession but that skepticism one stop a project which promises choice and security long into the future. asia is seeing a basile for resources as well with a poor regional powerhouse as china and india needing of a more fuel to feed their growing hunger but as the nation squabble over who gets the biggest slice of the oil and gas ca
this pipeline will transit the russian natural gas through the black the sea up to bulgaria and on to greece is the end austria delivering gas directly to the european markets so stream is it better to be in a group project that's the use of time to reduce its all of the russian gas however the fate of that project is currently on certain due to falling demand for natural gas and europe and the high cost of construction gas from owns a fifty percent of the line the rest is split between france...
190
190
Dec 13, 2012
12/12
by
CNBC
tv
eye 190
favorite 0
quote 0
every time something comes out, much like rumors out of greece. >> you guys hopeful on the floor that we get a deal sometime soon? >> you may not get a finalized deal but you'll get something done before the year end which will give us confidence to keep the market stabilized. >> members of the house tomorrow go home tomorrow for christmas. can you get a deal if they are home? >> i think you can. i think it's a little more di
every time something comes out, much like rumors out of greece. >> you guys hopeful on the floor that we get a deal sometime soon? >> you may not get a finalized deal but you'll get something done before the year end which will give us confidence to keep the market stabilized. >> members of the house tomorrow go home tomorrow for christmas. can you get a deal if they are home? >> i think you can. i think it's a little more di
215
215
Dec 12, 2012
12/12
by
CNBC
tv
eye 215
favorite 0
quote 1
now in brussels, a finance ministers' meeting is beginning, which they will say, look, greece, we will make up the half billion that you're short on the bond buy-back. a deal is a deal. and this month, 34 billion euros will flow from bailout funds into the greek banks to recapitalize them. more importantly perhaps, tomorrow we go into a full meeting of all 27 heads of state of the european union. germany is back down. looks like we have a deal on banking union. the ecb will supervise all banks presumably in the euro zone. that means the ecb will be able to directly tap into those bailout funds and recapitalize the banks, plugging in across the euro zone. this is hugely important in building those firewalls against contagion. the result of the stock market is that you continue to get gains. the top 50 blue chips in europe is the white line. the dow jones industrial average is the yellow. this is a chart since the results of the election. as we are mired in the fiscal cliff here, they've been able to make almost 4% gains on their top blue chips. meanwhile, also worth mentioning that, aft
now in brussels, a finance ministers' meeting is beginning, which they will say, look, greece, we will make up the half billion that you're short on the bond buy-back. a deal is a deal. and this month, 34 billion euros will flow from bailout funds into the greek banks to recapitalize them. more importantly perhaps, tomorrow we go into a full meeting of all 27 heads of state of the european union. germany is back down. looks like we have a deal on banking union. the ecb will supervise all banks...
320
320
Dec 31, 2012
12/12
by
CNNW
tv
eye 320
favorite 0
quote 0
greece is number 34. so we have more of everything than greece does. so that remarkable fearmongering about debt, which republicans are putting in, is what part of the problem is. greg, there -- the debt concern in america is real. it is real. it is nowhere near as real as people like rand paul need to make it sound. greece can't issue its own bonds. america can. there is about zero chance -- in fact, i have more chance of growing hair than the u.s. has of defaulting on its debt. i think this is ridiculous and we have to point out that a lot of these republicans, particularly tea party republicans, are making these statements that are simply not true. the u.s. stands no chance of defaulting on its debt anytime in your or my lifetime. >> i think i agree with you on almost all of that. i think it's worth pointing out there is a point in here the republicans are raising, which is a good one. if the deal goes through, as it's been written, the impact on long-term deficits is negligible. the debt is still on an unsustainable rising path. we've made no meani
greece is number 34. so we have more of everything than greece does. so that remarkable fearmongering about debt, which republicans are putting in, is what part of the problem is. greg, there -- the debt concern in america is real. it is real. it is nowhere near as real as people like rand paul need to make it sound. greece can't issue its own bonds. america can. there is about zero chance -- in fact, i have more chance of growing hair than the u.s. has of defaulting on its debt. i think this...
186
186
Dec 18, 2012
12/12
by
CNBC
tv
eye 186
favorite 0
quote 0
. >> did you see the s&p upgraded greece today by six notches? i had to hit the machine to make sure that was the correct number there. >> well, you know, a lot of volatility in rate. >> bob pisani, what do you think today? a pretty good real under way? all about the fiscal cliff? >> well, the markets, is bullish because the markets are acting like 2013 will resolve a lot of problems so we've multi-month highs in the stock market. we have the safe haven, gold and bonds just getting hit badly again. i mean, bond yields are moving up. gold is moving down on a day when the dollar is -- is weak today, so the markets are sort of acting like things are actually going to resolve themself. even now, maria, you might notice, the headlines out this afternoon aren't bullish. markets believe a deal is coming quickly. >> so do you guys. you don't have any necessarily different guidance or expectation or reports than we do, and you both are very much in step that a deal gets done what. if it doesn't? >> i kind of think what's going on right now is a little dan
. >> did you see the s&p upgraded greece today by six notches? i had to hit the machine to make sure that was the correct number there. >> well, you know, a lot of volatility in rate. >> bob pisani, what do you think today? a pretty good real under way? all about the fiscal cliff? >> well, the markets, is bullish because the markets are acting like 2013 will resolve a lot of problems so we've multi-month highs in the stock market. we have the safe haven, gold and...
132
132
Dec 31, 2012
12/12
by
CNNW
tv
eye 132
favorite 0
quote 0
in europe, greece was the problem child that spent too much, saved nothing, and threatened to take down the euro. new leadership didn't stop constant violent protests staged by those facing loss of jobs, pay cuts, higher taxes, as their weary government begs for more cash. europe's leaders, including the new french president, committed to save the euro. it lives on, but for how long? number two. >> the deadliest month to date as the assad regime intensified its use of air power. >> one of the questions most asked in 2012 was how much longer can this man hold on to power, bashar a al-assad was under ever-more intense pressure to step down, but his regime stepped up the fire power against the opposition. civilians caught in the crossfire, more than 40,000 people have died so far. >> this is yet another bread line. >> the opposition fights on, making more dramatic gains than ever and gaining pledges of additional support from the international community. number one. she fought back from the brink of death after being attacked on a school bus. the taliban shot malala yousafzai in the head b
in europe, greece was the problem child that spent too much, saved nothing, and threatened to take down the euro. new leadership didn't stop constant violent protests staged by those facing loss of jobs, pay cuts, higher taxes, as their weary government begs for more cash. europe's leaders, including the new french president, committed to save the euro. it lives on, but for how long? number two. >> the deadliest month to date as the assad regime intensified its use of air power. >>...
1,063
1.1K
Dec 18, 2012
12/12
by
CNNW
tv
eye 1,063
favorite 0
quote 1
>> you don't want to think we have to remember about greece they are not a monolithing society. for some people that would be totally impossible to utter a word or a sound. for other people it's cathartic to open up and express their love and devotion and to have the final words over someone they love. i try very much as a pastor not to among their relationships and emotions and how they use to commemorate the person they leaply will have. >> as a reporter i like to get as many information as you can. i want to know every detail about everything and that's a way of processing it, managing it. people must ask you questions you cannot answer. and they say where was god when this happened? >> it's precisely as you is asaid i've tried to avoid answers goesable temporary. there are some things that are handeds now life that we do not know or understand. these areas, ambiguous areas where we don't have a deficit answer it's better not to give any answer at all than to give one inappropriate. that's why we have faith for those things we cannot explain and point to directly, we have to
>> you don't want to think we have to remember about greece they are not a monolithing society. for some people that would be totally impossible to utter a word or a sound. for other people it's cathartic to open up and express their love and devotion and to have the final words over someone they love. i try very much as a pastor not to among their relationships and emotions and how they use to commemorate the person they leaply will have. >> as a reporter i like to get as many...
298
298
Dec 31, 2012
12/12
by
CNNW
tv
eye 298
favorite 0
quote 0
number three in europe, greece was the problem child that spent too much, saved nothing and threatened to take down the euro. new leadership, pay cuts, higher taxes as their weary government begs for more cash. committing to save the euro. it lives on, but for how long? >> the deadliest month to date as the assad regime intensified its air power. >> how much longer can this man hold on to power? bashar al assad was under even more intense pressure to step down but his regime stepped up the fire power against the opposition, civilians caught in the crossfire, more than 40,000 people have died so far. >> reporter: this is yet another bread line. >> the opposition fights on, making more dramatic gains than ever and gaining pledges of support from the international community. number one, she fought back from the brink of death after being attacked on a school bus. the taliban shot malala yousafzai. she survived, wake up in a british hospital and, according to her father, immediately asked for her school books. the world was gripped, moved and inspired by the story of one determined young g
number three in europe, greece was the problem child that spent too much, saved nothing and threatened to take down the euro. new leadership, pay cuts, higher taxes as their weary government begs for more cash. committing to save the euro. it lives on, but for how long? >> the deadliest month to date as the assad regime intensified its air power. >> how much longer can this man hold on to power? bashar al assad was under even more intense pressure to step down but his regime stepped...
167
167
Dec 6, 2012
12/12
by
CNBC
tv
eye 167
favorite 0
quote 0
. >> we know greece is done with because they've already restructured their debt and what they did in the last two weeks, which the germans said they should do, they should have done three years ago they'd be better off. spain is the immediate problem, you have 26% unemployment which is non-performing loans. >> we have to go, 2,200 pages of health care, i'm sure the notes spain's taken how greece has got money at every turn, their pile is a bigger pile than the health care plan. >> i could listen to you guys talk all day long. that was a great conversation. yra, rick, thanks so much. see you in a bit. >>> zynga stock popping. julia boorstin is live in l.a. with more. >> good morning to you, carl. this is the first of many steps before zynga can make money from online gambling. applying for a real money gaming license in nevada is a sign of zynga's seriousness creating new revenue streams. it sent it up as much as 9% higher today. the company warns it will take as much as a year and a half to get approval in nevada but the biggest step of all is a change in federal law, and if online g
. >> we know greece is done with because they've already restructured their debt and what they did in the last two weeks, which the germans said they should do, they should have done three years ago they'd be better off. spain is the immediate problem, you have 26% unemployment which is non-performing loans. >> we have to go, 2,200 pages of health care, i'm sure the notes spain's taken how greece has got money at every turn, their pile is a bigger pile than the health care plan....
266
266
Dec 7, 2012
12/12
by
CNBC
tv
eye 266
favorite 0
quote 0
one is greece, one is italy. the developments today are both good from an american investing perspective because they keep a lid on what's happening in those two respects. in greece there was trouble on the streets of athens last night as a result of left-wing protesters and students out and police using tear gas to disperse them as they protested the death of a teenager as a result of a police shooting four years ago, but the more important thing from a market perspective is that in 30 minutes' time now, the book will close on the greek debt buyback. now, remember what's happening here. the greek government is borrowing 10 billion euros from the rest of europe to buy back its own debt at a discount. if it does that successfully, by midday our time when that book closes, then more cash will flow through from the rest of europe, possibly next week it will be able to repay its bills and capitalize on the banks. let's check the close. >> the european markets are closing now. >> so we kind of went nowhere today. a lo
one is greece, one is italy. the developments today are both good from an american investing perspective because they keep a lid on what's happening in those two respects. in greece there was trouble on the streets of athens last night as a result of left-wing protesters and students out and police using tear gas to disperse them as they protested the death of a teenager as a result of a police shooting four years ago, but the more important thing from a market perspective is that in 30...
286
286
Dec 10, 2012
12/12
by
CNBC
tv
eye 286
favorite 0
quote 1
so the top performer is greece, up 24%, and we know how that economy is crashing. the bottom performer, or one of them is china. which even today is down 5% year-to-date, even though it is growing at the rate that it is. what does that mean for 2013? do you get a snapback, or are the central banks driven a big wedge between reality and stock market performance? >> i think that's a great question. you know, i think over the past few years, indeed, china's equities have been pretty week, especially in the asia market as you mentioned. i don't think that's necessarily because of a lot of cyclical disappointment. certainly that hasn't helped. but in reality, i think the earnings have not been so bad until this year, it was actually the valuation that kept seeing further and further compression. i think that's coming from people's concerns about the structural problems in china getting bigger. therefore, whatever level gdp growth was seeing today, or earnings growth, people think it's not sustainable going into the future. in 2013, we don't have any assurances that this
so the top performer is greece, up 24%, and we know how that economy is crashing. the bottom performer, or one of them is china. which even today is down 5% year-to-date, even though it is growing at the rate that it is. what does that mean for 2013? do you get a snapback, or are the central banks driven a big wedge between reality and stock market performance? >> i think that's a great question. you know, i think over the past few years, indeed, china's equities have been pretty week,...
229
229
Dec 25, 2012
12/12
by
CSPAN2
tv
eye 229
favorite 0
quote 1
say this to the current congress and people in washington and news media, we're not spain, we're not greece, we're not totally messed up like europe. we would do fine over the next twenty years if we get government to quit screwing up. [applause] but imagine the consult assistant consult ant report if they said general washington, we have you have one ax and 14,000 people. we think this is bad. we think you should be deeply depressed and consider quitting. a congress isn't doing well enough doesn't deserve the loyalty. why don't you go home? they wanted to be free. and they prepared to die. when they crossed dpez on christmas night on a desperate and last effort before the army seizes to exist. the slogan, or pass word is victory or death. and they meant it. it wasn't victory cry or six weeks. or victory or i'm not going watch fox news for a month. it wasn't victory or i think i'll pout. all right people really passionate about the idea that freedom was the right god had given them. they weren't going fail god by giving it up. finally we get to yorktown, the last novel in washington. it's a
say this to the current congress and people in washington and news media, we're not spain, we're not greece, we're not totally messed up like europe. we would do fine over the next twenty years if we get government to quit screwing up. [applause] but imagine the consult assistant consult ant report if they said general washington, we have you have one ax and 14,000 people. we think this is bad. we think you should be deeply depressed and consider quitting. a congress isn't doing well enough...
270
270
Dec 10, 2012
12/12
by
CNBC
tv
eye 270
favorite 0
quote 1
we can have it all forever, like greece. >> we're not greece. and that's the whole point. neither is britain which is pretending its greece, and look where it's getting them. britain's not growing at all. >> would you do some stimulus? >> i probably would, yeah. >> what kind? >> there's a ton of infrastructure that needs to be done in this country. >> then do it. and borrow money -- >> it's free. we can borrow money for free for 30 years in real terms. the market is not telling the u.s. to tighten fiscal policy. it's telling the u.s. to borrow some money. >> can you make sure we only do things -- we're not going to fill high speed rail lines between cities no one wants to travel to? >> if you spend a billion dollars i can't guarantee that every last cent of it is going to be spent properly. >> how moan solyndras will be in that balance? >> only two. >> you have to deal with the issues that krugman never deals with. i love the explanation we should spend spend spend. what happens when interest rates rise? two is you're talking about trillion dollar deficits as far as the ey
we can have it all forever, like greece. >> we're not greece. and that's the whole point. neither is britain which is pretending its greece, and look where it's getting them. britain's not growing at all. >> would you do some stimulus? >> i probably would, yeah. >> what kind? >> there's a ton of infrastructure that needs to be done in this country. >> then do it. and borrow money -- >> it's free. we can borrow money for free for 30 years in real terms....
319
319
Dec 14, 2012
12/12
by
CNBC
tv
eye 319
favorite 0
quote 0
the current top tax rate in greece is 45% for those earning more than 100,000 euros. finally, business sentiment in europe is slumping in part due to economic uncertainty ahead of this weekend's election. the bank of japan sentiment index dropping to minus 12 from minus 3 in the prior quarter. that was a bigger drop than economists were expecting. mr. kernen? >> all right. getting all these things. so you like he's like bloomberg? no 16 ounce -- >> guy runs -- >> you know. >> no 16 ounce anything over that in sugared drinks. comments, questions about anything you see here on "squawk," e-mail us at squawk @c in.com. you can also follow us on twitter @squawkcnbc. still to come this morning, john mcafee. in the flesh. well he won't be here but on camera. in his first interview since arriving back in the states. an interview you've got to see. plus. have you seen these? want to know how to use them? one of the new ways retailers are hoping to win over consumers. we're going to explain qr codes. the bar code guy died yesterday. can i help you? i heard you guys can ship gro
the current top tax rate in greece is 45% for those earning more than 100,000 euros. finally, business sentiment in europe is slumping in part due to economic uncertainty ahead of this weekend's election. the bank of japan sentiment index dropping to minus 12 from minus 3 in the prior quarter. that was a bigger drop than economists were expecting. mr. kernen? >> all right. getting all these things. so you like he's like bloomberg? no 16 ounce -- >> guy runs -- >> you know....
324
324
Dec 3, 2012
12/12
by
CNBC
tv
eye 324
favorite 0
quote 1
it almost feels like they're talking about greece. people don't want to pay their taxes in greece and here you have all these people in america that are starting to complain about paying taxes on dividends. we're really just reverting to the levels we should be at a few years ago. we're out of vacation. let's go back to paying our taxes on our dividend peps. >> really strange, though. if a company is doing things like this, does it entice the shareholders to say, i'm getting my dif dennes and i'm not going to sell right after because i'm not getting any dividends next year? >> some of these companies are even borrowing in the debt market to pay these special dividends, which i think is a wrong thing to do. and i also kind of look at some of them and i wonder, why are they doing this? it seems like they're putting it shareholder first over their own company. shouldn't they put the money back into their own company, hire people, grow organically? >> if it's dividends you were going to pay out, anyway -- i don't know. i'm arguing both si
it almost feels like they're talking about greece. people don't want to pay their taxes in greece and here you have all these people in america that are starting to complain about paying taxes on dividends. we're really just reverting to the levels we should be at a few years ago. we're out of vacation. let's go back to paying our taxes on our dividend peps. >> really strange, though. if a company is doing things like this, does it entice the shareholders to say, i'm getting my dif dennes...
262
262
Dec 11, 2012
12/12
by
CNBC
tv
eye 262
favorite 0
quote 0
the ghost of christmas yet to come is greece, and now we know that greece is 50% youth unemployment, 25% unemployment throughout the nation. you know, from press stories you see where some of the youth are now having to go to subsistance agriculture because they can't find any sustenance within the major urban areas. now i don't think america's going to become greece but i don't know. i don't want -- >> entitlements, even simpson-bowles lays out this proposal to raise the retirement age by a year. another 30 or 40 years down the road, and that's something that's -- in washington. it's something that none of us would be dealing with. >> i just want to know how we cut it in the next two years. i want it cut now. >> listen, i would be happy to roll -- let's just start out by rolling back the budget to where it was before barack obama took office. i mean we've had a 20% increase in federal spending, when now all of a sudden apparently gdp growth of 1.5% to 2% seems to be the new norm. again, that math doesn't work. it doesn't work. we can get rid of -- we can get rid of ballout funds. >>
the ghost of christmas yet to come is greece, and now we know that greece is 50% youth unemployment, 25% unemployment throughout the nation. you know, from press stories you see where some of the youth are now having to go to subsistance agriculture because they can't find any sustenance within the major urban areas. now i don't think america's going to become greece but i don't know. i don't want -- >> entitlements, even simpson-bowles lays out this proposal to raise the retirement age...
247
247
Dec 11, 2012
12/12
by
CNBC
tv
eye 247
favorite 0
quote 1
greece is higher. por sh gal is higher. spain is higher. it's a good day for -- investor sentiment.strongly it was revealed today. optimism over what the fed is going to do in the united states tomorrow. optimism there will be a deal on the fiscal cliff. you have optimism that the recapitalization of the banks is going to be delayed by another year according to the bank of italy. and you have optimism as well on mar of election promises as we now face the pros wekt of a much earlier election in italy. to that end it is fascinating. sylvia berlusconi has come out today warning about the germano center of politics. in other words, too much of a focus on what is happening from germany and the austerity inspired by angela merkel. in particular, he is drawing attention to this. which is the spread of the extra that investors demand to hold italian bonds over german bonds. i've shown this to you a couple times. over the last year it's been a mainstay of a lot of the italian business broadcasts internally. they say our bonds are currently trading
greece is higher. por sh gal is higher. spain is higher. it's a good day for -- investor sentiment.strongly it was revealed today. optimism over what the fed is going to do in the united states tomorrow. optimism there will be a deal on the fiscal cliff. you have optimism that the recapitalization of the banks is going to be delayed by another year according to the bank of italy. and you have optimism as well on mar of election promises as we now face the pros wekt of a much earlier election in...
202
202
Dec 5, 2012
12/12
by
CNBC
tv
eye 202
favorite 0
quote 0
bank participation is considered crucial for greece's efforts to resolve the financial problem. >>> and the european union has fined tv and computer monitor makers about $2 billion saying those companies fixed monitor tube prices for a decade which ended in 2006 talking about companies like philips, lg, and panasonic among the companies fined. philips, which was assessed the biggest chunk of the penalty says it will appeal the ruling. >>> and mortgage applications rose 4.5% last week according to new figures from the mortgage bankers association. most of the increase was accounted for by a rise in refinancing activity. >>> all right. the dollar hitting a six-week low on uncertainty about whether a budget deal would be reached. meantime, oil continues to trade below $90 a barrel. joining us this morning, chief market strategist at worldwide markets. also kevin book who is managing director at clear view energy partners. and joe, let's start off talking about the dollar. i can't make heads or tails of why the dollar is under so much pressure. i know things are bad here, we're worried abou
bank participation is considered crucial for greece's efforts to resolve the financial problem. >>> and the european union has fined tv and computer monitor makers about $2 billion saying those companies fixed monitor tube prices for a decade which ended in 2006 talking about companies like philips, lg, and panasonic among the companies fined. philips, which was assessed the biggest chunk of the penalty says it will appeal the ruling. >>> and mortgage applications rose 4.5%...
80
80
Dec 11, 2012
12/12
by
FBC
tv
eye 80
favorite 0
quote 0
you also have negative growth in greece. there's only so much you can have of negative growth across the continent of europe before impact spending patterns across the world. there are positives out there but we have to be focused on the fact that these problems are not going to go away. one of every four people in spain are unemployed and under the age of 25. fifty-six% to not have a job. that is a major rest of the for disaster and the math does not work. if you try to fix a problem with negative growth and nobody working. dennis: a lesson here. one last note on the fed. what is your concern there? >> pretty simple. the fed has raised the credit market. yield and price are not real. they are buying up trillions of dollars of these bonds and i'm worried about the day when the market no longer listens to them. the market has not been bigger than the fed over the last few years. of the market gets bigger than the fed, look out. yields should be much higher than where they are and if we ever get to that point there could be bi
you also have negative growth in greece. there's only so much you can have of negative growth across the continent of europe before impact spending patterns across the world. there are positives out there but we have to be focused on the fact that these problems are not going to go away. one of every four people in spain are unemployed and under the age of 25. fifty-six% to not have a job. that is a major rest of the for disaster and the math does not work. if you try to fix a problem with...
230
230
Dec 19, 2012
12/12
by
CNBC
tv
eye 230
favorite 0
quote 0
again, here are some of the names to mention whether it's the national bank of greece. we saw these up in the range of better than 8% earlier. now in the range of 5% to 8%. again, if you look at the levels, you see we're snapping up from low valuations generally speaking. it doesn't take a lot at 63 cents to get an 8% move. >>> quick look over here if you want to take a shot of the wall behind me. it is green for the most part. and greece's borse is one adding 2% today. we're seeing that reflected across the bond space. portugal for example seeing ten-year yields falling. same for spain and italy. the boreses and footy 100, the xetra dax, this has been the outperformer up in the range of 30%. another .3% after the ifo out of germany. came in better than expected. again, a good sign for growth. not necessarily, though, for those who would like to see a weaker europe. the ibex 35 adding 1.3%. and the nikkei, as you mentioned, up above 10,000 for the first time in eight months. adding 2.4%. better hope the moves in the japanese government or bank of japan pan out. we'll ge
again, here are some of the names to mention whether it's the national bank of greece. we saw these up in the range of better than 8% earlier. now in the range of 5% to 8%. again, if you look at the levels, you see we're snapping up from low valuations generally speaking. it doesn't take a lot at 63 cents to get an 8% move. >>> quick look over here if you want to take a shot of the wall behind me. it is green for the most part. and greece's borse is one adding 2% today. we're seeing...
166
166
Dec 14, 2012
12/12
by
CNBC
tv
eye 166
favorite 0
quote 0
i mean, the real debt ratio, if you count it like ge or ibm and greece, is 450%. it's about 260% for italy and it's about 230% for spain and all of these things that aren't counted are going to come to roost over a period of time. so i think we're in a lull right now. i think mostly because of draghi and his comments that we're going to give money forever and save the world that i think as we head into the new year that's going to come to a conclusion. >> last question, we're running short of time. if you had an extra thousand dollars to invest right now, in something simple, in any country in the globe, where would you put it and what would it be? would it be fixed income, equities? >> fixed income, as long as you can go. investment grade. there is going to be tremendous compression. and i think that's the place to be. >> i'm in agreement with you. carl, melissa, back to you. >> thanks a lot, rick. let's get over to bertha coombs for a market flash this time on u.s. steel. >> u.s. steel materials today the best performer, the best performer this week and u.s. ste
i mean, the real debt ratio, if you count it like ge or ibm and greece, is 450%. it's about 260% for italy and it's about 230% for spain and all of these things that aren't counted are going to come to roost over a period of time. so i think we're in a lull right now. i think mostly because of draghi and his comments that we're going to give money forever and save the world that i think as we head into the new year that's going to come to a conclusion. >> last question, we're running...
142
142
Dec 5, 2012
12/12
by
CNBC
tv
eye 142
favorite 0
quote 0
greece fell. how did the u.s. do? not so great. 19th place out of 176 countries scoring just 74 points out of 100. canada, germany, hong kong did better. it looks like improvement over last year's 24th place finish, it has changed methodology this year so year to year comparisons don't work. fighting corruption has not been a top priority in this country although the financial crisis is focused more attention on the issue that accounts for improvement. a couple of oil rich countries that we profiled earlier this year are among the most corrupt in the world. ranks 139th out of 176 countries and the tiny west african nation whose forestry manager finishes 163rd. you can find out more about them in an encore showing of our documentary filthy rich tomorrow night at 8:00 p.m. eastern on cnbc and more about this year's rankings of corrupt countries at cnbc.com. >> interesting, scott. especially when you look at some of these companies that are now embroiled with foreign practices act. if you were going to do business around
greece fell. how did the u.s. do? not so great. 19th place out of 176 countries scoring just 74 points out of 100. canada, germany, hong kong did better. it looks like improvement over last year's 24th place finish, it has changed methodology this year so year to year comparisons don't work. fighting corruption has not been a top priority in this country although the financial crisis is focused more attention on the issue that accounts for improvement. a couple of oil rich countries that we...
124
124
Dec 30, 2012
12/12
by
CSPAN2
tv
eye 124
favorite 0
quote 0
current congress, the current people in washington, the current news media, we're not spain, we're not greece, we're not totally messed up like europe. this is a country where if we could just get government to quit screwing up, we would do fine over the next 20 years. [applause] but imagine the consultant report if they came out and said, you know, general washington, we've evaluated the situation, and you have one axe and 14,000 people. we think this is bad. [laughter] we think you should be deeply depressed and consider quitting. [laughter] a congress that isn't doing well enough to be worthy of at least a couple hundred axes doesn't deserve your loyalty. why don't you go home. now, these people wanted to be free, and they were prepared to die. when they cross the delaware on christmas night in a desperate last effort before the army ceases to exist, their slogan, their password is victory of death. victory or death. and they meant it. it wasn't victory or i'll cry for six weeks. [laughter] it wasn't victory or i'm not going to watch fox news for a month. [laughter] it wasn't victory or i
current congress, the current people in washington, the current news media, we're not spain, we're not greece, we're not totally messed up like europe. this is a country where if we could just get government to quit screwing up, we would do fine over the next 20 years. [applause] but imagine the consultant report if they came out and said, you know, general washington, we've evaluated the situation, and you have one axe and 14,000 people. we think this is bad. [laughter] we think you should be...
252
252
Dec 27, 2012
12/12
by
CNBC
tv
eye 252
favorite 0
quote 1
. >> greece will stain the euro in 2013. that's what lang merkel wants and she's holding the purse strings. she wants to be re-elected and doesn't want any cost of contagion in. the cost on a relative basis is cheap. mexico is the next hot market. almost unnoticed, our southern neighbor becoming an economic stronghold on its own. legal and financial reforms have led to a growing middle class. as china gets more expensive, mexico becomes more competitive in manufacturing. africa disappoints classic emerging markets of russia, brazil and china slow down from their heyday and so-called frontier funds have been started with a focus on the next hot growth area, focusing on africa and many believe now is the time. this is an overgeneralization. the rule of law is not widespread enough in the continent. there is a glimmer of hope such as sun nish sha. countries such as egypt still questionable. we have seen mass rioting there and growing concerns whether the new rule of law and new constitution will effectively protect investors. >
. >> greece will stain the euro in 2013. that's what lang merkel wants and she's holding the purse strings. she wants to be re-elected and doesn't want any cost of contagion in. the cost on a relative basis is cheap. mexico is the next hot market. almost unnoticed, our southern neighbor becoming an economic stronghold on its own. legal and financial reforms have led to a growing middle class. as china gets more expensive, mexico becomes more competitive in manufacturing. africa...
220
220
Dec 31, 2012
12/12
by
CNBC
tv
eye 220
favorite 0
quote 0
need to look at larger solutions to our problems so we don't end up in the situation europe is, or greece with riots, or france with a top 75% tax rate that's driving people offshore. >> the problem may be that paul ryan coming through with solid plans on the deficit issue, and ultimately didn't win the white house. is it possible to have the conversation with america get voted in, and then take action? >> personally, i think the ryan plan was an abomination, because it was so vague, that you can't tell whether it was a real plan or not. >> it was not vague. it was written down in the house budget. >> it is absolutely unspecified across all kinds of loophole closings and other things, which makes it filed under category of fiction for anybody that's ever worked in the united states senate. >> specifically it's written specifically in the path to prosperity. it was passed by the house. you can look at path to prosperity in google. you see many of the details. at least the house passed a budget, which the senate has not done for the past three years. the house has laid out solutions. also,
need to look at larger solutions to our problems so we don't end up in the situation europe is, or greece with riots, or france with a top 75% tax rate that's driving people offshore. >> the problem may be that paul ryan coming through with solid plans on the deficit issue, and ultimately didn't win the white house. is it possible to have the conversation with america get voted in, and then take action? >> personally, i think the ryan plan was an abomination, because it was so...
227
227
Dec 20, 2012
12/12
by
CNBC
tv
eye 227
favorite 0
quote 0
. >> draco was a greek legislator, the first legislator of athens in ancient greece. and he replaced the prevailing system at the time of oral, law and blood feud by a written code of rules that could only be enforced by a court. the first court system. so the rules, because they were written, were hard to get around so they were draconian rules, which is where draconian -- draco. >> wasn't he in harry potter, too? >> he was also in harry potter. i don't know.was he? >> i think he was the bad kid growing up. >> and, anyway, with that out of the way and the world hurdling to an end tomorrow, still to come, if you want to know whether or not you should be optimistic about a fiscal cliff deal -- >> oh, draco malfoy. >> oh, yeah, the young bad kid? >> the blond kid. >> he was so good he was bad. check out the markets on any given day and we're going to do just that. tell what's happening with the fiscal cliff. [ penélope ] i found the best cafe in the world. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. wher
. >> draco was a greek legislator, the first legislator of athens in ancient greece. and he replaced the prevailing system at the time of oral, law and blood feud by a written code of rules that could only be enforced by a court. the first court system. so the rules, because they were written, were hard to get around so they were draconian rules, which is where draconian -- draco. >> wasn't he in harry potter, too? >> he was also in harry potter. i don't know.was he? >>...
266
266
Dec 24, 2012
12/12
by
CNNW
tv
eye 266
favorite 0
quote 0
today's giving in focus takes a look at a tree farm in maine that helps turn greece into finding peace. >> i know when chris died, we kept thinking about how we were going to remember him. and we kept thinking that his spirit was moving through the trees every time you saw them moving. i seem to be drawn to maine even though i've never lived here. it's pretty amazing. >> we're in the wreath business and have been since 1971. columbia falls is a little town in coastal washington county. the perfect little country town kind of thing. we're looking for 12 to 18-inch pieces. as fast as this brush is coming in, we're using it on the other end. we're out on the land that produces the tips for national wreaths across america day. >> each wreath is made of balsam that is picked off of our own land. it began as a family tradition to donate 5,000 wreaths to arlington national cemetery. >> a great source of pride for my family. it's our little way of giving back to the country is through the veterans wreaths program and the new veterans remembers trees program. >> that's captain brent morale, u.s
today's giving in focus takes a look at a tree farm in maine that helps turn greece into finding peace. >> i know when chris died, we kept thinking about how we were going to remember him. and we kept thinking that his spirit was moving through the trees every time you saw them moving. i seem to be drawn to maine even though i've never lived here. it's pretty amazing. >> we're in the wreath business and have been since 1971. columbia falls is a little town in coastal washington...